Ameren Corporation (NYSE:AEE) to Issue Quarterly Dividend of $0.71

Key Points

• Ameren Corporation has declared a quarterly dividend of $0.71 per share, to be paid on December 31st to investors of record on December 9th, representing a dividend yield of 2.7%.
• The company's current dividend payout ratio stands at 53.6%, indicating strong earnings coverage for the dividend, with anticipated earnings of $5.31 per share for the upcoming year.
• Ameren reported quarterly earnings of $1.01 per share, exceeding expectations and achieving a year-over-year revenue increase of 31.2%, totaling $2.22 billion for the quarter.

Ameren Corporation (NYSE:AEE - Get Free Report) declared a quarterly dividend on Friday, October 10th, RTT News reports. Investors of record on Tuesday, December 9th will be paid a dividend of 0.71 per share by the utilities provider on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 2.7%.

Ameren has a dividend payout ratio of 53.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ameren to earn $5.31 per share next year, which means the company should continue to be able to cover its $2.84 annual dividend with an expected future payout ratio of 53.5%.

Ameren Stock Performance

AEE stock traded up $0.60 during midday trading on Friday, hitting $103.60. The company's stock had a trading volume of 1,081,242 shares, compared to its average volume of 1,685,352. The stock's 50-day moving average price is $101.25 and its 200 day moving average price is $98.62. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 1.51. Ameren has a 1 year low of $85.27 and a 1 year high of $105.67. The stock has a market cap of $28.02 billion, a price-to-earnings ratio of 22.75, a PEG ratio of 2.61 and a beta of 0.49.

Ameren (NYSE:AEE - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.01. Ameren had a return on equity of 10.38% and a net margin of 14.55%.The business had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $1.82 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The business's revenue was up 31.2% on a year-over-year basis. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. On average, equities analysts forecast that Ameren will post 4.93 EPS for the current year.

Insider Activity

In related news, SVP Gwendolyn G. Mizell sold 1,000 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $101.79, for a total transaction of $101,790.00. Following the sale, the senior vice president directly owned 9,129 shares in the company, valued at approximately $929,240.91. The trade was a 9.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.42% of the company's stock.

Institutional Trading of Ameren

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MJT & Associates Financial Advisory Group Inc. purchased a new position in Ameren during the first quarter worth about $25,000. NewSquare Capital LLC grew its position in Ameren by 70.9% during the second quarter. NewSquare Capital LLC now owns 258 shares of the utilities provider's stock worth $25,000 after buying an additional 107 shares in the last quarter. Osterweis Capital Management Inc. grew its position in Ameren by 6,040.0% during the second quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider's stock worth $29,000 after buying an additional 302 shares in the last quarter. Addison Advisors LLC grew its position in Ameren by 728.9% during the second quarter. Addison Advisors LLC now owns 315 shares of the utilities provider's stock worth $30,000 after buying an additional 277 shares in the last quarter. Finally, SouthState Corp purchased a new position in Ameren during the first quarter worth about $34,000. 79.09% of the stock is currently owned by institutional investors.

About Ameren

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.

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